Key Facts Of The Day 04.12.2018

The famous American venture capitalist Jim Breyer never ceases to pin hopes on the blockchain industry business. At the 2018 Global Tech Forum event in Guangzhou, he said that he was “very interested” with this technology, but he came up with a less encouraging statement for cryptocurrency investors.

“We are close to a nuclear winter right now with cryptocurrency,” said Breyer, an investor in Circle, Ethereum, VeChain and High Fidelity.

DHS to Track Privacy Coins

The U.S. Department of Homeland Security (DHS) wants to create applications that can analyze privacy coins such as zcash and monero. A document published by the DHS Small Business Innovation Research Program (SBIR) talks about finding ways to conduct a retrospective analysis of confidential cryptocurrencies that could potentially be used for criminal activities. The compilers of the document emphasized that such platforms as zcash and monero are focused on user privacy and consider anonymity as their key feature, which makes it difficult to determine the origin of the source of the transaction or the amount of transferred funds.

Does Miner Consolidation Harm the Crypto Industry?

The fall of the bitcoin hash rate and the cost of the first cryptocurrency leads to the fact that more and more individual miners are out of the game. The mining industry is definitely experiencing a decline along with falling cryptocurrency prices.

The cost of equipment combined with the amount of electricity needed for mining has led to the fact that this process becomes unprofitable for individual crypto enthusiasts. Indeed, some experts believe that the miners only temporarily leave BTC and look for more profitable coins in the interim period until the prices for the first cryptocurrency become more attractive.

What Else:

Joseph Lubin Believes in Ethereum’s Growth

One of the creators of ethereum and the founder of ConsenSys, Joseph Lubin, believes that the fall in the value of a digital asset is not a marker of the weakness of the entire project.

Trezor Wallet Supports Ethereum, Ethereum Classic & ERC-20 Tokens

The manufacturer of hardware wallets Trezor announced the start of native support for cryptocurrency Ethereum and Ethereum Classic, as well as ERC-20 standard tokens in the Trezor Wallet software beta interface.

SK Group and ConsenSus to Develop Blockchain Business Hub

South Korean technological holding SK Group has signed a Memorandum of Understanding (MoU) with blockchain software technology company ConsenSys for blockchain business cooperation.

BIG Starts Training Cryptocurrency Investigators

The American company BIG Blockchain Intelligence Group has launched a course to train experts in the investigation of crimes related to cryptocurrencies. Initially, the program was designed for law enforcement officers.